2013-02-01
2013-02-09
x china

STATION
CNBC 18
CSPAN 8
MSNBC 7
MSNBCW 7
CSPAN2 5
KTVU (FOX) 3
WHUT (Howard University Television) 3
KQED (PBS) 2
WETA 2
CNN 1
CNNW 1
KRCB (PBS) 1
LINKTV 1
( more )
LANGUAGE
English 76

Set Clip Length:


you. >>steve: it wasn't all football. who could forget commercials like this one? >> we're out of milk. we're going to run down the best and worst of 2013. good morning to you, brian kilmeade. >>brian: thank you. the rock and i go way back. i'll go over that relationship which has hit a roadblock. along with the hoopla surrounding the super bowl, i had a chance to go to baton rouge, louisiana, to the governor's mansion and speak to governor bobby jindal exclusively. you'll see both parts of that interview as we get started on "fox & friends" this monday. >> look at him go. he is flying! inside the 20! a kickoff return. 109 yards. >>gretchen: the ravens kobe jones with a 108-yard kickoff return. the ravens all the rave this morning beating the 49ers to win super bowl xlvii. good morning everybody. live from new york and still in new orleans, brian kilmeade. >>steve: brian, it looks as if you are in your attorney's office. what happened? >>brian: i have a library in louisiana i said if i'm going to stay monday, i'm going to get work done. unlike backdrops, these are actual books. when ev

so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup systems to kick in. but they weren't sure what caused that initial problem. 34 minutes that the lights were out. brian shactman will join us in just a minute for the full story. this was a super bowl to remember for a lot of reasons, not the least of which the lights going out like that. let's get out to the headlines. the dow and the s&p 500 closing friday at their highest level since 2007. the major averages posting a fifth straight week of gains. u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on fri

for joining us on this monday morning, february 4th, i am pam cook. >> and i am dave clark, do you think steve knows anything about the weather? >> we are counting on you steve. >> i think i do. we have some low clouds and fog around but it is coastal low clouds and fog but it will be a little bit sunny, mostly sunny, there is a pretty good system to the north and it is later in the north and we will get to that, it is mid-50s and lower 60s today. >>> driving to the tunnel in walnut creek is a nice drive and also the morning commute looks good on the sunole grade heading to san jose, let's go to the desk. >>> the 49ers came this close to pulling off the greatest come back in super bowl history but it is the baltimore ravens who are now the new champions of pro-football. [applauds] >> and the ravens have won it... >> reporter: at one point they led 28-6 and no team ever came back from more than a 10 point deficit to win the super bowl but the 49ers roared back in the second half and the thrilling rally ended five yards short less than two minutes to go and look at this play, right there, ravens

days, i think one day this week, it was up to 50 minutes. 7:08. let's go to steve. >> thank you, sal. >>> good morning. a little bit more fog on this friday morning. patrick redwood shores says a little bit around san mateo, fc, foster city, but clear south of the bridge. so for some there's pockets of it. i know on the hayward side there's fog. concord, livermore, napa, santa rosa. yesterday, it was the north bay. patchy fog but hazy and warm. mostly sunny. higher clouds. next rain, thursday, friday. next thursday, friday. although it's looking more like a colder system than a rainy system. we need the rain. if you thought where is the breeze, there has not been much. others in the east bay, have a pretty good offshore wind continuing. that for shom the offshore breeze is in place. that means the coast has really nice weather. temperatures on the lows are even warmer that morning than yesterday it will be sunny. mostly cloudy. there's some higher clouds. i think most of those day towards more central california. 30s for some. 49. redwood city, san rafael is at 41. livermore is 32. s

. ike becky quick along with andrew ross sorkin. joe kernen is off today so we are again joined by steve liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our special guess. he's been talking to us about how great of an opportunity stocks have been. we'll see if he's still feeling that optimistic now that stocks have reached 14,000 or close to it. >>> how majority leader eric cantor i

in pseudo, our own steve liesman and book brusca. then in the next hour, jeremy siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival against standard & poors is testing likely so this likely to be more than two years out. the goal is to get more battle on potentially hazard just flights, so these flights will only happens. now let's head across the country to joe and becky and see what they have coming up this morning. joe, how was your week on the cour

. steve: good thinking, george. this is the perfect place to try out my boat. uh-huh. huh? (george hoots) (excited chattering and hooting) relax. i'm in fifth grade-- i'm prepared. aw. aah! oh, man, this is great! i can see if my boat holds up in bad weather. yeah! (thunder rolling) steve: she takes a dripping and keeps on, uh... floatin'. yeah! my history teacher's gonna be so impressed. i mean, i actually did my homework. i need an a to pass the class. (chatters) george was sure steve would get an a. his homework floated really well. unfortunately... it was floating away. (both scream) come back, boat! maybe george could make the boat move towards him. (hooting, chattering) good thinking. we can make another wave with this rock, and the splash'll send it back to shore. (steve groans) i killed my homework! (chattering) (steve gasps) it's unsinkable! i should get an a-plus! uh-huh! (both gasp) quick! catch it! (george hoots, pants) oh...! whoa! aw, look at it take those rapids! i am a master barge builder. (hooting, chattering) oh, yeah-- the boat. i'll probably get an a-plus-plus if i c

, bad you in his sights. so the fight has begun. while steve king, matt kibby, joe walsh, rush limbaugh, all the inhas been nants of the cuckoo nest are cscrambling because karl rove is drawing lines in the sand. want republicans to win? cut out the crazies he he's? want the democrats, stop giving them easy targets, rape candidates and witches. stop making the democrats look smart and reasonable by running stupid and crazy candidates. the joy is, i have to say this, and it's really quite funny, each of the right wing factions thinks that they are the same ones, they are the ones who have to protect the party from the others. well, tonight the duel to the death drives deeper. it's do or die, fight to the death. the winners get to run against hillary clinton. the losers get to say it's not their fault they lost. wait a minute. that doesn't make any sense. and neither does this fight on the right for the right to say you're right. with me tonight are two msnbc political analysts joy reid of the grio and david corn from "mother jones." joy, it really is a joy to watch this, to watch rove ru

not close any branches currently open on the weekends. of course, the cuts in service mean fewer jobs. steve sensteve steve centanni. >> reporter: vermont independent bernie sanders said this will send the post office into a death spiral. white house press secretary jay carney received to prefer a more comprehensive approach to postal reform. >> it would be our preference that that package of reforms be implemented for the sake of a stronger future of the postal service. we're looking at this particular action now and, you know, i can't really evaluate it yet since we just found out about it yesterday. >> republicans largely applaud the post office for bein propro active in the face of difficult budget constraints. >> the congress in its wisdom has tied their hands every which waylly run the post office in a revenue newt nl way. congress needs to afnlgt no question about that. >> the post office has taken the initiative and is looking for ways to cut costs and looking at ways of saving $2 billion. it doesn't get us all the way there, but it's a good start. >> that's just a sampling of some o

't get a line on it. steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a speck, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. and i like it a lot, but you know what? i saw an opportunity today, bill mcdermott's s.a.p. he's co-ceo, down from 83.60 to 80. pull the tr

green of hightower and cnbc market analyst warren myers are answers right now. good to see you. steve over to you first, 30 seconds on the clock. what's your dollar trade tomorrow? >> we're watching the euro dollar. we think that's the most important thing. the equity markets the tail. we're being wagged around. all about central banks as jim was referring to you earlier on the show. we really think that right now the u.s. is the only central bank towards hinting at ending their quantitative easing so we think if the euro dollar breaks 133 we could see finally a selloff that holds in the u.s. >> thank you so much. mike, you're up, your case on why you think china is worth watching. >> with china's economic growth seemingly back on track and because the markets are closed all of next week for the newyear's holiday, we'll watch again tonight when they release their cpi data. this month it's expected around 2%. if they come in above expectations again, we'll watch very closely to see what the people's bank of china has to say about things like lending curves. obviously this is something that has the

three, down three. kind of like green mountain coffee. i can't get a line on it. steve in florida. steve? >> caller: hello? >> hi, steve, you're up. >> caller: okay. b-b-b-boo-yah. >> i'm liking that completely. >> caller: i got blackrock kelso. >> i don't know blackrock kelso. no, i don't know it. i've got to do homework on it. let's go to john in washington. john? >> caller: boo-yah to the all-seeing, all-knowing great jim cramer. >> well, thank you. >> caller: you're the best, baby. you're entertaining and informative just like you say. >> i sure try. >> caller: i want to give your eagles a kudos for picking that oregon coach. he's a winner. >> chip kelly, i like him. adam schefter breaking that story with mort, what's up? go ahead. >> caller: dvax. >> we said it was a spec, it is coming back, it's now up a dollar from where it blew up. i want to stay long dvax. barbara in illinois, please, barbara? >> caller: yes, sir. >> go ahead, barb. >> caller: jim, i have a question about cognizant technology. >> oh, i like that. i like it a lot, but you know what? i saw an opportunity today, bi

billion bailing out banks and industries. earlier we spoke to steve, a professor of economics and finance at the university of western sydney, author of the book "debunking economics." >> the entire structure of so- called verifying the authenticity of financial instruments is entirely structurally corrupt. a civil suit like this should only be the beginning. there should be people behind the jail for what happened this time around. literally, only burning made off has been -- bernie madoff has been jailed in the middle of this crisis. >> the shares of the parent company of standard and poor's, mcgraw hill, took a beating, dropping nearly 14%. moody's and dropped nearly 11 cents. the forced labor scandal in dublin, we have a long way to the report on alleged abuse and injustice. how are british scientists settling into their new home on an ice shelf in antarctica? ♪ >> hello, more unsettled weather working its way across europe, this system has given us a lot of wintry weather over the eastern parts, including moscow. there is an awful lot of heavy snow. here are the pictures coming out

other things that interceded. then chicago fed president charlie evans is going to sit down with steve liesman at around 8:30 eastern. but don't worry, you don't have to wait until then to hear some interesting voices on the central bank, because on set we're happy to say, stanford professor and former treasury official himself john taylor is here here discuss. let's go to scott. he's got the morning headlines. >> thank you. what might be considered a surprising partnership, yahoo! and google have signed a nonexclusive marketing agreement. retailers in the northeast stocking up on storm goods ahead of an anticipated weekend storm. home depot, target, lowe's among the companies telling cnbc they're taking steps to deal with anticipated increased demand for certain goods that people anticipate they'll be stranded at home because of weather, and it's supposed to be bad in the northeast. >>> standard & poor's has hired a top white collar defense attorney to help fit a $5 billion government lawsuit over ratings. san francisco based john keeker has represented lance armstrong to enron's andr

bigger soluons. powerful answers. verizon. >> steve: super bowl is over. come on home, brian. >> brian: all right. sean did an unbelievable job. forgot to sleep. as did a.j. hall. >> gretchen: the clydesdales are here tomorrow. have a great day. plar there are new questions about the murder of the most effective navy seal sniper in history. chris kyle survived four tours of duty in iraq. but police say in the end he was killed this weekend by a marine veteran he was ready to help. gregg: kyle had 160 kills. the terrorists dubbed him the terror of ramadi and put a bounty on his head. martha: he was acting as a mentor to this man eddy ray ralph before police say ralph turned the gun on him and killed him. casey, what's the latest on the investigation here? >> reporter: this is a bizarre story, one that's developing all the time. the detectives are working on figuring out how these three men knew each other exactly and for how long. apparently they had all ridden in the same vehicle together to that gun range on saturday. but the motive in terms of what spurred the attack is unclear. that

post steve jobs is one thing. but i think that they are doing fine. they did miss a bunch of quarters. where einhorn's really right is they are anti-shareholder friendly. i mean, if the ultimate thing that comes out on the proxy is we are against something that was proposed that is reasonable, shareholder friendly, that what does that say? what does the statement say? why isn't the dividend bigger? why isn't the buy back bigger? most companies would not tolerate the treasury stance of apple. they would just say it's not good enough. and i think einhorn's right on that. solution, all i can tell you is when you discuss with a company an idea and then you see a proxy, the proxy that your idea is wrong, given the fact that they have used cash, i don't know, intellectually, apple's position can't be defended. >> trying to head him off at the pass. >> right. right. >> doesn't it say that whatever their reason is for saving this money, they haven't communicated it effectively? >> thank you. >> right? >> yes. there must be a reason. >> but say it. say, okay, look, we are looking at developing

host who has been back with us, jeremy siegel, the bull. steve liesman, also thank you for sitting in all week. that's been terrific. becky and joe, it's been great. good luck over the weekend. we hope you get back here and it all works out. say hello to nemo and the weather. we're going to see you -- >> be careful with all that snow. >> absolutely. anyway, make sure you join us monday. "squawk on the street" begins right now. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee. we're live from the new york stock exchange. let's see how your friday session is setting up on the u.s. futures. it looks like we'll have a positive session with the s&p looking at 2 at the open, dow looking at 13. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every

're going to be ham strung. let's see what's on tap. tom hashingen is vacating his seat. steve king may end up being his replacement. steve king, who coined -- not coined, but uses, you know, with great impugnty the term anchor baby. saxby chambliss is leaving. john d. rockefeller leaving in west virginia. the leading goper is shelly -- murdock, again, we have this example time and time again the seat is offered up. the arch conservatives get their guy, and then maybe ashley judd or someone like her, some democrat from who, what, where, when, how comes in and ends up winning the seat. >> charlize theron is -- >> from south africa. >> oh, sorry. >> there needs to be a reconciliation here, right? as the party becomes more -- the battle lines are drawn with firmer and firmer markers, if you will, how do you build the tent big enough? >> if every republican who looks toward the center and we just have a crazy right, this is not good for our democracy. i mean, that's the bottom line with those constituents. >> iran, you're a betting woman, aren't you? >> could be. >> you could be for this moment

want to -- >> whoa. >> what just happened. >> steve, did you do that? >> momentum's been completely changed now. >> momentum! it's completely messed up now. >> i hope there are no lip readers because toure's about to lose it. >> i'm out of here. >> yeah. so there was the blackout which was obviously bizarre and i think gave rise to potentially some great harbaugh family practical jokes in the family like at the first family dinner since the super bowl, jack goes and cuts the power as a joke. love that. >> light the producers just did. >> exactly. great guys. thanks. but it also made me think of -- it was like a super bowl brought by stefan. it has everything. brothers. beyonce. blackouts. ray lewis. >> destiny's child. >> right? yes yes yes yes yes. it was so great and weird. but all in all interesting. something to watch i think every, you know, every quarter. >> something for everyone. >> something weird happened. >> there was, those are those memories and thought there was one other professional sports team with a blackout before. >> giants. >> no. it was the boston bruins and th

's followed the dictum suggested by the late founder steve jobs. if you produce the best products which arguably apple has done, everything takes care of itself. that's something that's resonated throughout much of steve jobs' biography about walter isaacson. it's a bedrock principle of apple itself. i have to admit i have grasped about apple lately. incredibly low interest rates, that keeps it from earning a decent return for doing nothing at the moment as you used to be able to for so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feel has been lost. perhaps buying twitter to be more moving aggressively into the social media space. or netflix for home entertainment. or even somewhat facetiously purchase amazon, with its itunes-like offers. all that said i never thought in a million years that somehow apple's become a bad actor because of its conservative ways of handling its b

'hara with phoenix partners group and on the fundamental side steve cortes with vercruysse. j.c., which about the charts, which indices or which sector would you prefer right now? >> well, bill, i like all equities right now, small, medium and large. a lot of people say equities have gone too far too fast and they are overbought. we remaybe in a rights wedge formation and until you break lower you have to be long. it does not pay to bet against this rally. it continues higher. what's better than the s&p? well, right now small caps are better than the s&p. small caps already broke out of a multi-year ascending triangle, and basically what that is, it's heavy, heavy resistance that was recently penetrated in the 850, 860 area for the russell 2000. strong resistance is a very strong asset to break through, and i don't want to stand in front of this bullet train. i think the momentum is positive and trends are positive and small caps will take us higher. >> steve? >> j.c. in, general the bigger guys one and i think the bigger guy will win in the bat of the index. i don't like the jpmorgan call fo

where congress steve king could win the republican primary but lose the general. if you look at just iowa how brutal can it get there? >> i think it could get very brutal. who is karl rove kidding in many ways? this is who the republican party is today. this is who they are. todd akin, right, he was no outsider. he was the republican endorsed candidate. sharon engel in nevada, christine o'donnell in delaware. they were the republican's choice candidate. so karl rove pretending to be holy than thou i don't think we ought to fall for it. >> jennifer: jason on the subject of republican primaries today, south carolina republican state senator lee bright told row call that he is leaning towards a challenge against republican lindsay graham. do you expect that graham will end up tacking even further to the right? because he certainly has tacked to the right over the past couple of years. >> this challenge is an absolute nut case. lindsay graham he'll do the old john lovett thing, i can't believe i'm losing to this guy. lee bright wants to have south carolina mint their ow

. will any of them work? i'm steve usdin. welcome to "biocentury this week"." >>> your trusted source for biotechnology, information and analysis, "biocentury this week." >>> congress has postponed the debt ceiling crisis. now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase in medicare and medicaid spending. last week a kaiser family foundation report listed 150 ideas to reduce medicare spending. the problem is almost all of

thousand, and the president said thanks to steve we expanded support for our brightest engineers and ontras they pursu ground breaking innovations. i am grateful that steve agreed to join in my cabinet and i wish him all the best in the future. the stimulus bill had millions for green energy ventures including new batteries and the u.s. has sort of pioneered some of the new inventions. >> it will be interesting to see who the president picks in his replacement. another thing, and i know you are following the big announcement today out of the white house. changing the controversial health care policy that required religious organizations to provide birth control coverage for women, and i believe the white house is changing its position. explain how and why. >> reporter: the department of health and human services are defining how they are interpreting the rule and it means that any religious organization now does not have to offer contraception directly to their employees if they object to that, instead the insurance company they work with will provide it. the religious organization is left

thanks to iraq? matt mccall is president of the penn financial group. steve moore senior economic writer for the "wall street journal." all right. when you talk about iraq the term cheap oil is used because it's relatively inexpensive to extract it because it was under utilized for decades. you the know the wars there and the oil embargo and so forth. if that is now tapped, and escalated properly, steve, could we be entering an era of cheap energy? >> look, i think we are going to enter a era of cheap energy regardless of what happens in iraq, because actually the big news story in energy is what is happening in -- store in the united states of america. gregg: well assuming it's not stopped. >> right, kpel exactly, grea well, exactly, great point, gregg. with respect to iraq this is a major oil export company that's been off line for the last five to ten years. if they can continue to produce oil that will reduce the oil price around the world. by the way that has the affect gregg of being like a tax cut for the american consumer. it's very good news for consumers and the economy. gregg:

the january jobs report. moody's steve chist mark zandi, former council of economic advisers chairman austan goolsbee and jared bernstein. their predictions and reaction to the number in a special jobs friday hour of "squawk box" that you can only see here on cnbc. and don't forget you can find "squawk box" online and on mobile, too. follow us on twitter @squawkcnbc is the handle. like us on facebook if you want a little thumbs up, and you can of course visit us on our show page squawk.cnbc.com. and there's been a lot of new stuff that's been going off on these pages so check it out. >>> welcome back, everybody. let's chat with's guest host kelly king who is chairman and ceo of bb&t. we were talking about how businesses want to be optimistic, ceos want to be optimistic. what's holding them back? >> well, a continuing concern about all of the areas of uncertainty. it's interesting, ceos want to do business. they want to grow. they want to add employees. that's how we make money. that's how we reward our shareholders. and for almost five years now everybody's been holding back. you know, not m

. the unemployment rate climbing to 7.9%. steve liesman joins us with his take. he wasn't kidding. a busy morning. >> yeah, really. hopefully i'll earn my paycheck on a day like today, carl. as rick said, i think the important part was, most of it better than expectations. the construction number, that could help that negative one on gdp. we'll get to jobs in just a second. but also the ism pgoing well. total 157. private sector 166. unemployment ticking up. hours unchanged at 34.4. earnings up .2. the revisions, 127. i want to talk about that. i want to show you a chart here that takes a look at -- there's the bar chart. there's the old private sector fourth quarter average of 185. and now it's 225,000. but what was the fourth quarter? the fourth quarter was full of fiscal cliff concerns. so doug duncan, an economist at fannie mae, writing this morning, the payrolls in the fourth quarter is consistent with robust growth in business investment in the gdp report. we already saw that. suggesting that uncertainty over fiscal policy did not hurt businesses hiring and investing as feared. if it did hu

border angels and steve from the center for immigration study. let me play devil's advocate here. marco came on with bill and came on with me this week and talked about how the new plan does include a real aggressive approach to enforcement that was not in the 1986 amnesty that the commission will be he appointed, the border security will be certified and only then will these undocumented immigrants be able to apply for a path to citizenship. they will have provisional legal status but won't have the pathway to citizenship. what is your response to that? everybody gets amnesty on the first day. not only a social security number but everything that comes with it. u.s. esche sued identification. a driver's license. the ability to travel to and from the united states. open a bank account and get a home loan. everything comes on the first day with the green card light. if we don't enforce the law they can just stay in that status which is what most of them want anyway. if we don't ever enforce the law you we are not taking that away from them. the idea is if we do say the law is being enfor

: thank you for the call. steve is joining us from minnesota. caller: good morning. you know -- am i on? host: you sure are. caller: the building behind you. when these people get into it, they really screwed up. i do not know. host: ok. we will leave it there. our question, should there be more regulations on this super bowl sunday? a story from politico. if you are watching the game tonight, you will see a 32nd spot. the headline -- " super --2013: bloomberg-founded mayors' group sponsors gun control ad." the ad calls for lawmakers to pass rules requiring background checks. it is narrated by children with "america, the beautiful"playing in the background. where are you calling from? you are on the air. caller: i would like to comment that if the president and government is so worried about injuries a dental health, maybe they should consider the abortion issue and the disproportionate killing of african american babies. host: ok. from "the new republic." he was asked about football injuries at the high school level and the nfl and he said "i am a big football fan, but if i had a son,

. >> you're still bullish? >> bullish as anything. >> doug, richard, thank you. steve, michelle, thank you. >> thank you. >> chicago tomorrow. >> we also have bob ruben tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla with jim cramer and david faber at the new york stock exchange. the day after the s&p and nasdaq posted their second best days of the year. we looking at a higher open, pretty much across the board. actually, they just turned. we're looking down open here, 59 points on the dow. down 7 on the s&p 500. take a look at the picture over in europe. the big waiting game is on with the ecb starting tomorrow. we're seeing red arrows on the board. most notably the euro hitting a one-week low against the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gami

in business. you have just announced publicly the other day you had a wonderful stock option from steve jobs who was your friend and who you were on his board. you bought a television channel and rekristened it as the current tv and you just sold that and made a handsome profit. you sold to al jazeera and people take note of the fact that al jazeera is in part subsidized or sponsed by the qatar government. >> uh-huh. >> rose: did that cause you a moment of saying look f i do this, if i sell to them, even though i will make a handsome profit, people are going to say oh, i wish you had found a better buyer. >> well, i did extensive diligence on that whole question. of course i understand that critique which was then a potential critique, absolutely. but what the diligence showed very clearly is that al jazeera has longince esblished itself as an immensely respected news gathering network around the world. it's won the major journalism award in countries after country. it is respected as having integrity. on its climate reporting, for example, it's higher quality and far more expensive than any

for you as president in 2016. steve brown writes such grace, ease and dignity, and hillary, see you in 2016. and hillary clinton would be a great follow-up to barack obama as president 2016. just think, bill clinton as first gentleman. go to our facebook page right now and get in on the conversation. and don't forget to like "the ed show" when you're there, folks. we'd appreciate that. >>> still to come, a former nasa employee's blog about the space shuttle columbia disaster has everyone talking. we'll get to the bottom of this unbelievable story ahead. stay tuned. but i still have this cough. [ male announcer ] a lot of sinus products don't treat cough. they don't? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ breathes deeply ] ♪ oh, what a relief it is! [ angry gibberish ] just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. for ovnights can fe

were and are a true inspiration to all. look forward to voting for you as president in 2016. steve brown writes such grace, ease, and dignity, and hillary, see you in 2016. and william says hk would be a great follow-up to barack obama as president in 2016. just think, bill clinton as first gentleman. go to our facebook page right now and get in on the conversation. and don't forget to like "the ed show" when you're there, folks. we'd appreciate that. >>> still to come, a former nasa employee's blog about the space shuttle "columbia" disaster has everyone talking. we'll get to the bottom of this unbelievable story ahead. stay tuned. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at libe

to all. look forward to voting for you as president in 2016. steve brown writes such grace, ease and dignity, and hillary, see you in 2016. and hillary clinton would be a great follow-up to barack obama as president 2016. just think, bill clinton as first gentleman. go to our facebook page right now and get in on the conversation. and don't forget to like "the ed show" when you're there, folks. we'd appreciate that. >>> still to come, a former nasa employee's blog about the space shuttle columbia disaster has everyone talking. we'll get to the bottom of this unbelievable story ahead. stay tuned. >>> welcome back to "the ed ies? red jars are all the same right? wrong! you need three uses of a $15 cream to equal the moisturizing power of one use of regenerist microsculpting cream. seems not all red jars are created equal. olay regenerist. >>> welcome back to "the ed show". president obama is the kind of guy you probably want to have a beer with. at least i think that. in his first term, president obama held beer summit, shared a beer with a medal of honor winner, knocked back a cou

that this is not steve jobs' apple anymore. that's for sure. >> stock up 2%. big move there on that move. scott, thanks very much. despite the comeback being staged this afternoon among the major averages, we're still on pace for the first week over week loss for those averages this year. josh lipton has more details on that. josh? >>. >> reporter: hey, bill. u.s. stocks on track to finish in the red today, so is this the correction we've been expecting? money managers have been warning of a pullback. even bulls think we could see some consolidation of recent gains. their concerns, one, bullish sentiment is still high at 42.8%, still above its historical average which could be a contrarian sell signal and you should take a look at the s&p 500 and the high shars, high field index. also spoke with jason lee of jpmorgan, he's actually watching high yield spreads. he said they widen around the equity selloff. since father 28th they have widened 30 basis point. lee is paying close attention but isn't worried yet. spreads widened at least 50 basis points. and if the major indices finish the market lower they

. published by the urban institute press. steve stirling -- gene sperling -- gene steuerle, he's not on written about he has lived up to nearly three decades ago jim was one of the godfather's of what became the tax reform act of 1986. one of the key moment in history of the income tax. gene pools of richard b. fisher chair at the urban institute. eric toder has been intimately involved in the income tax both treasury and the irs. is currently at urban institute fellow and codirector of the urban brookings tax policy center. and, finally, nina olson is taxpayer advocate at the irs, represents those of us who pay taxes, and those of us who must battle against the growing complexity of the modern revenue code. is a week or so ago than once office released its latest report on the status of the tax code, describes in great candor the flaws in the current system and describes some things we can do about it. let's start with joe who gives a brief history of the income tax. and before he starts let me let you know that after we do our presentation, speak among ourselves, will give ev

we added a forward into the book. then again from steve forbes, another good friend, was working on the european crisis at the time and was trying to make sense of certain aspects. cs -- he came out and said this is a must-read. now, my way of thinking he left out some southern european countries that might also get something out of it, but it's easy to let's see why f. why so many people need to know what bill doesn't have renewed their much to do with it in terms of doing it. now everyone knows that bill spends 53 years at. now, i have heard over 50, 55 today. so we're going to go with over 50. that is a considerable amount of time. when you think about that time frame and going back, he was a devout disciple of a late and great chairman and of citi. again, when you talk about bill and you talk about walter, you talk about icons in this field. now, every single treasury secretary would come to see walter. and there were problems in argentina. there were problems in uruguay, problems in peru, problems in brazil, problems in mexico, problems in jamaica, problems and panama, and t

on this post-super bowl wrap-up day. steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this point. >>

together and got it done. i want to congratulate the owners -- the owner, steve bisciotti, a class act, who does work on and off the field. the general manager, ozzie newsome and of course the players, number 52, ray lewis, and number five, joe flacco, who won m.v.p. of the game. at the end of the day it was lights out for the 49ers. baltimore cannot be more proud to welcome our players and the vince lombardi trophy back home. i want to say our leader, nancy pelosi, who is homegrown baltimore, she is now a 49ers fan, but she did accept a defeat with her regular class and dignity. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from california seek recognition? >> to address the house for one minute. the speaker pro tempore: the gentlelady is recognized. ms. pelosi: i rise to congratulate -- i was going to call him -- congressman rupp ersberger and other members of the maryland delegation, more importantly, join them in congratulating the ravens on a -- they beat a mighty champion at the super bowl. as a proud 49e

by the press in which he said steve brought to the energy department a unique understanding of both the urgent challenge presented by climate change and the tremendous opportunity that clean energy represents for our economy. the statement went on to say i'm grateful that he joined to my cabinet and i wish him all of the best in his future endeavors. a quick reminder we have live coverage coming up here on c-span2. and about 40 minutes we will have a discussion on the conflict in northern mali ouis many years ago louis brandeisott wrote that the most important office in a democracy is the office of citizen. a democracy of course is rootedf and based in the notion of ansos enlightened citizenry to read some of us think that democracy is defined by the ritual votings of course in voting it is dem important inoc a democracy. voting takes place all over then world. it takes place in democracies.n it takes place in dictatorships. it takes place in a totalitarian societies. voting alone doesn't mean we live in a free society. fre we live in a free society when it is based on an enlightened citizenry

of the disadvantaged. host: laudan aron? because really what steve said is the main point. the panel just did not have a lot of data to really begin to cross-national differences on that, but it is clearly a very intuitive and logical line of research that we would love to continue to support with additional data. i did also want to point out that so many of these comments about our lifestyles and exercise and pe with children are really about prevention. not getting ill to begin with. it does seem that especially since we documented this, the pervasiveness of the help disadvantaged across the life course, trying to prevent illness early in life and keeping americans healthy is really the way to go. if we could figure out how to do that on all fronts, i think we would be in much better shape. host: a viewer tweets in -- can you go through the good news? what did you find that gives hope? guest: there are definitely a few areas where we did not find a disadvantage, and we were at the top of the heap, so to speak. one of them, ages above 75 -- age-specific mortality rates at those higher ages are defini

is steve from new jersey on our line for independents. he has a son who caller: is adopted -- he has a son who was adopted. caller: we adopted our son 17 years ago from canada. he is almost 18 years old, and i'm finding that the paperwork -- i'm finding the paperwork, and he is not considered -- he is illegal actually. the judge and everything died, and now we are trying to go through a lawyer to try to find something that we can do before he becomes 18 years old to make sure that everything is ok. do you have any answers for me? guest: i hope you will contact our organization after this call. up until the year 2000, our laws or not structured assets that make it that when a child was adopted by a u.s. citizen, there were confirmed as the citizenship of their parents. congress realize that in 2000 and passed the child citizenship act, but as you said, children who were not aware of that or did not benefit from it are still in this position of being here illegally. congress is aware of situations like your son's and helping to address it legislatively speaking next year, but there are thing

in chicago is back in custody. authorities say steve robins was recaptured late last night about 60 miles outside of chicago. he had been on the run for three days. authorities say he was mistakenly released after a court appearance on a drug charge. he had been servinga a 60 year sentence for murder. >> as you know crews have been in new orleans all weekend. if you have been there we want to give you a look at where everything is happening. here you can the super dome and over to the northeast the famous french quarter and bourbon street is. go another four and a half miles and this is that lower 9th ward. we want you to look at that. it's a very different reality there. that of course is the area that was devastated by hurricane katrina back in 2005 and remember these pictures? they are still just -- really difficult to see but giving us the idea of why that area is still struggling to recover. the numbers from that disaster still hard to understand, more than 30 bodies found, thousands left homeless, 300,000 homes destroyed with damage estimates ranging from 96 to $125 billion. now th

think that will occur. >> you know, todd, steve lewis at monument securities is basically asking today whether in europe, mario draghi is playing a confidence strike on everybody. and he can't actually come in to intervene in the markets in order to support the bond markets. do you bother watching european news anymore or is it dead to you? does it not matter to the european rally? >> yeah, you know, that's a great question, simon. and that's something i was -- we were thinking in the back of our minds, back late last year how europe is in a way disappeared from the headlines. it seems the past three, four years now, early in the first quarter, europe always comes back in the picture. it was something that was on our minds in terms of what -- >> so do you want -- >> the ball will drop. >> but do you watch -- >> if you think about it, i think there has been a disconnect between the u.s. equity markets and europe throughout the last 12 or 18 months. the u.s. market will respond to europe. do we watch it? yes, we do. i think there's some noise, if you will, from day to day. but overall, t

know, buying the company which maybe a couple of years ago steve ballmer might have thought about doing. i understand the strategy for microsoft. and i think they're doing it in a relatively low-risk way. >> is this just michael dell saving his reputation, last word? >> i think that's part of it. i think certainly, you know, there's been stories that he cares deeply about what happens in austin. dell's a big employer there. and certainly he wants to, you know, go back to the days where he was seen as one of the top thinkers and business leaders in the world. and as the company has fallen from those heights, so has his reputation. >> okay. editor-in-chief of yahoo! finance. great to have you again. we really appreciate your time. >> thank you. i vote for the iron. >> again -- austin, you know, can't understate the importance that he might see for his personal reputation. nevertheless, stick around. we'll have a break. >>> coming up, disney posts blockbuster earns. the company has big plans for "star wars." >>> welcome back to "worldwide exchange." i'm kelly evans. >> i'm ross westgate. >

and by presidential candidate steve forbes in the 1990s. again, like all the other plans, it didn't go anywhere. david bradford came back, persuaded the original idea might not work with the proposal for the x tax, essentially, the flat tax with graduated rates, and that still popular. there's a recent book published by the american enterprise institute by allen and bob mccarol advocating that. that idea is still around also. there's also the so-called fair tax, a retail sales tax, house ways and means chairman in the 90s favored that, and there's a very interesting plan by michael, which would be a value added tax which would collect revenue, but michael would retain an income tax with a very high exemption level, very much like the original income tax that we had in 1913 or before world war ii i should say. why do people advocate consumption tax? some people say it promotes economic growth and competitiveness because you remove growth, removing the tax to return to savings to have stavings in investment. this is a debatable argument, but because it's destination based that exempts taxes and imports

in walter isaacson's to biography of steve jobs. what are we getting high skilled immigration? president obama corley explains it needs to be comprehensive and lead to address the undocumented population and he might have seen president obama's speech about undocumented immigration and what he gets on that front. my sense is it is fundamentally politics and remember flights of the population that is foreign born, a decent number are part of the electorate and very engaged and this comes down to a matter of recognition and respect. there was a lot of bipartisan legislation being done at the start up visa and things like that and i think you are right. a piecemeal approach would be totally sane but from the perspective of the lobbyist it makes a lot of sense, let's try to attack this all at once part the because if you attach the attractive piece of legislation and consider the affordable care act, you saw a similar dynamic. if you saw just coverage expanding provisions in one lot it wouldn't look improving. you only have the revenue provisions of the affordable care act it looks like a ma

need. i read about steve foster from taunton in the local newspaper. he's suffering from thyroid cancer, his brother has cancer, hi wife and father both died of cancer. all four worked in the plant. yet, i i worked to larry darcy, diagnosed with kidney cancer in 199. he went out of his way to credit your company for the opportunities it gave him and his co-workers. over 180 of those co-workers from the attleboro plant that he's aware of contracted some type of cancer. i tell the story, sir, not to cast blame, the human cost of this country's nuclear development in the 1950's and 1960's is not unique to texas instruments or to attleboro. but i do believe that t.i., along with the federal government, has a responseability to the men and women that we put in harm's way. while we can't take back the exposure to the radioactive or toxic material so many suffered, what we can do is everything in our power to make sure we ease their pain today. so, sir, i'd like your opinion on how my office can work with your company and the department of labor, department of energy to ensure that we are doin

statistician steve ratner. we celebrate national weather person's day. >> balloons and everything. february 5th every year. >> next you're going to tell me it's not national pancake day. >> we mentioned within the first hour of the show. >> i still can't get used to the look. >> get used to it. this is the way it's going to be. ♪ nothing can stop me from shaving thoet and i need you today oh, mandy ♪ >>> coming up next, what, if anything, did we learn today? look at you, so dashing. come on. nowadays, lots of people go by themselves. no they don't. yeah... hey son. have fun tonight. ♪ prom! [ laughs ] ♪ ♪ ain't nothin to me ♪ back against the wall

blunt than peter. i think there's a great little passage in water isaacson's biography of steve jobs and president obama's speech on undocumented immigration and what he's able to get on that front. remember that slice of the population that is foreign born, you know, a decent number of them are part of the electorate now and are engaged and this comes down to recognition and respect. there was bipartisan legislation done at the start of visa and things like that and i think you're right, a piecemeal approach would be sane but from the perspective of the lobbyists, it makes sense that well let's attack this all at once because if you have attached the attractive piece of legislation to less attractive piece of legislation -- considering with the affordable care act, if you saw just the coverage expanding provisions in one law, it wouldn't look improving. if only have the revenue provisions of the affordable care act, it looks like a massive tax increase. combine them into one single piece of legislation, it's attractive. i think it's the same dynamic and i think that's why we should

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